Liberum Capital Reiterates “Buy” Rating for Mitie Group (MTO)

Mitie Group (LON:MTO)‘s stock had its “buy” rating reissued by research analysts at Liberum Capital in a research note issued on Tuesday. They presently have a GBX 270 ($3.63) price target on the stock. Liberum Capital’s price objective would suggest a potential upside of 38.32% from the company’s current price.

Several other research analysts have also recently weighed in on the company. Jefferies Group raised Mitie Group to a “buy” rating and upped their price objective for the stock from GBX 220 ($2.96) to GBX 290 ($3.90) in a research report on Monday, November 6th. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 300 ($4.04) price objective on shares of Mitie Group in a research report on Monday, November 20th. Peel Hunt reiterated a “hold” rating and set a GBX 253 ($3.41) target price on shares of Mitie Group in a report on Monday, November 20th. Finally, Numis Securities reiterated a “reduce” rating and set a GBX 225 ($3.03) target price on shares of Mitie Group in a report on Thursday, September 21st. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 237.25 ($3.19).

Shares of Mitie Group (MTO) opened at GBX 195.20 ($2.63) on Tuesday. Mitie Group has a 52-week low of GBX 170 ($2.29) and a 52-week high of GBX 313.50 ($4.22).

Mitie Group (LON:MTO) last released its quarterly earnings data on Monday, November 20th. The company reported GBX 5.20 ($0.07) EPS for the quarter, missing analysts’ consensus estimates of GBX 7 ($0.09) by GBX (1.80) (($0.02)). The company had revenue of £959.70 million during the quarter. Mitie Group had a net margin of 4.99% and a return on equity of 65.84%.

In other news, insider Derek Mapp acquired 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were bought at an average price of GBX 204 ($2.75) per share, with a total value of £81,600 ($109,825.03).

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About Mitie Group

Mitie Group plc is a holding company. The Company is engaged in providing management services. The Company focuses on providing strategic outsourcing services. The Company operates through various segments, including Soft FM, Hard FM and Property Management. The Company’s Soft FM segment includes cleaning and environmental services, security, catering and front of house services.